Hi Spike, Your final c4 looks like a 5 to me going down to 3 tick level. The dow is similar with what looks an ok 'b' wave to the top following. We are splitting hairs here though - except if you are right a top is in, if I'm right a top could either be very close indeed or we can just keep churning up. I could comment more looking across markets but best not for now. Good weekend all.

(10-08-2010 10:00 PM)Steely Dan Wrote: Hi Spike, Your final c4 looks like a 5 to me going down to 3 tick level. The dow is similar with what looks an ok 'b' wave to the top following. We are splitting hairs here though - except if you are right a top is in, if I'm right a top could either be very close indeed or we can just keep churning up. I could comment more looking across markets but best not for now. Good weekend all.

Dan

Thanks for pointing that out Dan. Until I get this tick data of mine sorted out the smallest frame I got is 1min. Its really strange, the highs and lows in cetain parts dont match up at all to the minute charts. Anyway take care and thanks once again.

(10-12-2010 09:26 AM)finster869 Wrote: Not totally confident in this count, but this is what I have:

What do you guys have?

Hi Finster.

Im undecided on one c4. (the part Ive put in a white rectangle in the chart below), perhaps you could shed some light on it. If thats a c4 then Im with you on the same count. So Im waiting for a close below 1151.41 to at least support it in some way. So this is what I have so far.

I agree 1151 is currently the key level. There was a lot of overlap in the white rectangular area...it gave me trouble too, which is one of the main reasons I said I wasn't all that confident in my count.

(10-12-2010 10:46 AM)finster869 Wrote: I agree 1151 is currently the key level. There was a lot of overlap in the white rectangular area...it gave me trouble too, which is one of the main reasons I said I wasn't all that confident in my count.

New High. So, either: (1) our count was wrong; (2) the new rule doesn't work; or (3) the new rule used to work, but now that there are nothing but computers trading against one another all day social behavior is no longer accurately portrayed in the market.

For now, I will continue to go with number 1, but having been at this for many, many months I certainly can't say that #2 and/or #3 is not correct.

(10-12-2010 01:32 PM)finster869 Wrote: New High. So, either: (1) our count was wrong; (2) the new rule doesn't work; or (3) the new rule used to work, but now that there are nothing but computers trading against one another all day social behavior is no longer accurately portrayed in the market.

For now, I will continue to go with number 1, but having been at this for many, many months I certainly can't say that #2 and/or #3 is not correct.

Hi Finster

Perhaps we could consider this as another option. Let me know what you think ok.